Blog Entry# 2350897
Posted: Jul 13 2017 (10:04)
Last Response: Jul 13 2017 (10:04)
IR AffairsJul 13 2017 (10:00) Listing of Rail PSUs on track; IRCTC, IRCON and IRFC could be taken to Bourses within the next three months
NEW DELHI / MUMBAI: In a bid to come close to an ambitious divestment target of Rs 72,500 crore for 2017-18, the Narendra Modi government aims to top at least Rs 25,000 crore in stake sales for April-September, the highest-ever for the first half of any year. The listing plans of three railway public sector undertakings — Indian Railway Finance Corporation (IRFC), Indian Railway Construction Company (IRCON), and Indian Railway Catering and Tourism Corporation (IRCTC) — are on track despite concerns over IRCTC giving an exemption from service charge on online tickets.
For April-June so far, the Department of Investment and Public Asset Management (DIPAM), has already garnered around Rs 6,600 crore. This comes from selling part of the stake that the...
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